OCT 2018 Standard Report on west alderwood house prices

Homes Sold
Past 6 Months: 28

Average Sale Price
SEPT '18: $1,050,244

Average Days on Market
SEPT '18: 9

OCTOBER 2018 REPORT ON
WEST ALDERWOOD HOUSE PRICES

+ Last Month’s Sold Prices
+ Current Active Listings in OCTOBER 2018
+ Past Six-Month Trends, Home Price Index, and More

This Report gives you an in-depth look into the housing market in West Alderwood,
with charts and analysis, plus up-to-the minute statistics based on all the homes
currently for sale and sold in West Alderwood over the last six months. Enjoy!

West Alderwood House Prices Report
Courtesy of Mark Gaudet Sales Representative

Right At Home Realty Inc Brokerage
416-551-6847 [email protected]

WEST ALDERWOOD HOUSE PRICES REPORT

Seven

homes
currently
for sale

OCTOBER One
2018
"Holding Back
Offers"

One

Price
reduction

West Alderwood Offers Decent Supply

West Alderwood, Oct. 2018 ~ Home prices and prices, but a more gradual rate of growth.
sales both increased in September compared to Market conditions have unfolded differently
August and both were also up year-over-year.
You may recall that Fall of last year was still a across communities in Toronto. As widely (and
recovery period from the hectic (some would endlessly) reported in the media, there is a
say insane) days of the first half of 2017. So that shortage of new listings in many areas, which
tends to skew the numbers a little bit. drives up pricing. However, in Alderwood the
number of new listings entered into the MLS
It’s worth repeating here that despite the system in Sept 2017 is almost identical to Sept
14.5%(!) increase in the average monthly sale 2018, so our neighbourhood has decent supply.
price from August to September of this year (as That’s not bad news: West Alderwood is popular
indicated on page 2), this is a result of the vast among buyers and we are in a seller’s market.
differences in homes being sold & the relatively
small number sampled. A more accurate view is Update: A new house on Albright Ave that
to look at the trend over six months. The originally listed for two million dollars, finally
numbers also show increases in sales and sold after 64 days for 1.820 million – highest
price ever in West Alderwood. There’s a new
GUARANTEED SALE PRICING listing n Delta currently listed at $1.849 million.
To get a Free Pin-Point Analysis of your West
Alderwood House including a Room-By-Room ~Mark Gaudet

Review, just call 1-855-781-8881, Ext. 32
for a 24-hour free recorded message.

OCTOBER 2018 REPORT ON
WEST ALDERWOOD HOUSE PRICES

Price increase is Average Selling Price
primarily due to
more new/rebuilt $917,200 $1,050,244
houses sold versus
older houses in
previous month.

SEPT 2018 vs SEPT 2017

Homes Sold Sept'18: 9 sold Home Prices Sept '18: Days on Market Sept '18: 9
Sept '17: 7 sold $1,050,244 Sept '17: 20

Sept '17:
$788,929

SEPT 2018 vs AUG 2018

Homes Sold Sept '18: 9 Home Prices Sept '18: Days on Market Sept '18: 9
Aug '18: 4 $1,050,244 Aug '18: 10

Aug '18:
$917,200

PREVIOUS SIX MONTHS MARKET ACTIVITY

Apr. '18 - Sept. '18 Sold Statistics and Counts

1,000,000 list price original price sold price House Type
900,000 Row/Twnhouse - 2
800,000 average median mode Detached - 23
700,000 Semi-Detached - 3
600,000 Monthly Sold Prices - Avg, Highest & Lowest
500,000 Apr 2018 thru Sept 2018 House Style
400,000 1 1/2 Storey - 6
300,000 2-Storey - 8
200,000 2 1/2 Storey - 0
100,000 3-Storey - 2
0 Backsplit - 0
Bungalow - 12
2,000,000
Past 6 months of average,
1,500,000 lowest and highest
prices. The presence (or
absence) of newer, rebuilt
houses has a significant
effect.

1,000,000

500,000

0 May June July Aug Sept
Apr Avg Sold Price Low Price High Price

Looking at six- Comparing 6-Month range of
month trends average sold Prices
from last year to
this year. (Apr'17 thru Sept '17) VS (Apr '18 thru Sept '18)

2017 2018

925152 983972 931022 951270 887,659
975677 965401 930282 947,557
892667 926139
924,277

Nov-Apr Dec-May Jan-June Feb-July Mar-Aug Apr-Sept

WEST ALDERWOOD REPORT

West Alderwood – Currently For Sale*

Street List Price Style Beds & Baths *Updated Oct 15, 2018,
Days on Market/Notes

Westhead $699k Bungalow 2+1/1 6 (re-listed, reduced)
Edgeware $879k Bungalow 3+2/2 + 11 +7 +5
3+1/3 35 +4 (re-listed,
Norfolk $1.04m 2-Storey 2+1/1 reduced)
3+1/4 10 (reduced)
Foch $1.2m Bungalow 3/4
4+1/4 18
Burlingame $1.3m 2-Storey
17
Owen $1.3m 2-Storey
3
Putney $1.45m 2-Storey
34 (re-listed)

West Alderwood – Sold in Sept 2018

Street List Price Sold Price % of List Style Beds/Baths Days
on Market
Roseland $769k 769k 100 Bungalow 2/1 15
Delma $899k $982k 109 Bungalow 3/2 6
Woodbury $799k $801k 100 2-Storey 3/2 2
Woodbury $969k $969k 100 2-Storey 4/2 16
Westhead $1.498m $1.485m 99 2-Storey 4/4 16
Albright $1.859m $1.820m 98 2-Storey 4+2/5 14
Savona $900k $880k 98 Bungalow 3+1/2 13
Lloyd George $980k $980k 100 2-Storey 3/4 4
Evans $779k $765k 98 2-Storey 3/3 13

WEST ALDERWOOD HOUSE PRICES
As of Oct 1, 2018

Based on MLS-House Price Index (MLS®HPI)

1,000,000

900,000

800,000

700,000

600,000

500,000

400,000

300,000

200,000

100,000

This is the current 0
estimated price
Composite
for the house type

2 Storey Det

Benchmark 1 Month Ago 3 Months Ago 6 Months Ago Bungalow
1 yr Ago 3 yrs Ago

A NEW WAY TO FIND HOW MUCH Much Better Than

YOUR HOUSE IS WORTH “Average”

The chart above is based on the MLS®HPI, a new, First, we analyze results from the
alternative way to measure real estate prices within a MLS®-HPI, and apply it to a very
specific neighbourhood. It’s as close as you can get to detailed Comparative Market
having an experienced Realtor assess your home’s Analysis (CMA). Then we add our
true value. Most importantly it helps you approach daily knowledge and understanding
important buying and selling decisions with more of the nuances of the local market to
confidence. arrive at Pin-Point Pricing for West

Developed by some genius nerds at a Canadian Alderwood homes. To see if Pin-
University, the MLS®HPI is calculated using a
sophisticated statistical model that considers both a point Pricing is the right thing for
home’s quantitative (e.g. the number of bedroom it has) you, please listen to our 24-hr Free
features and qualitative features (e.g. whether it has a recorded message at 1-(855)-781-
finished basement, superior view, renovated bathroom, 8881 Ext 32
etc).

For example, whereas the standard MLS® shows you
the price of a 3-bedroom house in West Alderwood, the
MLS®HPI shows the benchmark 3-bedroom house that
includes features of homes that homebuyers in our
neighbourhood value.

WEST ALDERWOOD HOUSE PRICES REPORT

WEST ALDERWOOD SALES-TO-LISTINGS
RATIO SHOWS A SELLERS MARKET

Sales vs Inventory Seller’s Market
Absorption Rate over 22%
August 2018 Months of Inventory-under 4 months
Absorption Rate = 40%
Months of Inventory = 2.5 Buyer’s Market
Absorption Rate under 18%
Sept 2018 Months of Inventory - over 6 months
Absorption Rate = 57%
Months of Inventory = 1.75 Balanced Market
Absorption Rate 18% - 22%
Months of Inventory - 4-6 months

Toronto Elections 2018 – WARD 3 –
Etobicoke Lake Shore (Formerly known as Ward 6)

CANDIDATES FOR CITY CANDIDATES TRUSTEE – CANDIDATES TRUSTEE –
COUNCILLOR TORONTO DISTRICT TORONTO CATHOLIC
SCHOOL BOARD DISTRICT SCHOOL

Svitlana Burlakova Wanda Allen Diana Alpeza
Iain Davis Tracy Bowie Ann Andrachuk
Pamela Gough Christopher Caldwell Teresa Lubinski
Mark Grimes - Incumbent David Kalbfleisch
Robert Gunnyon Patrick King
Michael Julihen Marcello Lavalle
Michael Loomans Aziza Mohammed
Amber Morley Patrick Nunziata
Peggy Moulder Felicia Seto-Lau
Patrizia Nigro Moussa Tahlil

Voting day: Oct 22, 2018

West Alderwood House Prices Report
Courtesy of Mark Gaudet Sales Representative

Right At Home Realty Inc Brokerage
416-551-6847 [email protected]